Thrivent Financial for Lutherans Lowers Stock Position in American Axle & Manufacturing Holdings, Inc. $AXL

Thrivent Financial for Lutherans trimmed its position in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) by 33.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 186,069 shares of the auto parts company’s stock after selling 92,483 shares during the quarter. Thrivent Financial for Lutherans owned about 0.16% of American Axle & Manufacturing worth $1,118,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in AXL. Grantham Mayo Van Otterloo & Co. LLC purchased a new stake in shares of American Axle & Manufacturing in the second quarter worth $47,000. CWM LLC increased its stake in American Axle & Manufacturing by 685.1% in the 2nd quarter. CWM LLC now owns 16,965 shares of the auto parts company’s stock worth $69,000 after buying an additional 14,804 shares in the last quarter. Ethic Inc. raised its holdings in American Axle & Manufacturing by 63.4% during the second quarter. Ethic Inc. now owns 22,371 shares of the auto parts company’s stock valued at $94,000 after acquiring an additional 8,678 shares during the period. Shay Capital LLC purchased a new position in shares of American Axle & Manufacturing in the second quarter valued at about $102,000. Finally, Y Intercept Hong Kong Ltd purchased a new position in shares of American Axle & Manufacturing in the second quarter valued at about $109,000. Hedge funds and other institutional investors own 91.41% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on AXL. Royal Bank Of Canada lifted their target price on American Axle & Manufacturing from $9.00 to $12.00 and gave the company an “outperform” rating in a research note on Friday, January 23rd. Stifel Nicolaus lifted their price objective on shares of American Axle & Manufacturing from $7.00 to $8.00 and gave the company a “hold” rating in a research report on Friday, January 23rd. Weiss Ratings reissued a “hold (c-)” rating on shares of American Axle & Manufacturing in a report on Monday, December 29th. Morgan Stanley set a $7.00 target price on shares of American Axle & Manufacturing in a research note on Monday, December 8th. Finally, Wall Street Zen upgraded shares of American Axle & Manufacturing from a “buy” rating to a “strong-buy” rating in a report on Sunday, January 11th. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, American Axle & Manufacturing presently has a consensus rating of “Moderate Buy” and an average target price of $9.92.

American Axle & Manufacturing Stock Performance

The company has a debt-to-equity ratio of 3.61, a quick ratio of 1.43 and a current ratio of 1.77. The stock has a market capitalization of $1.09 billion, a price-to-earnings ratio of 27.80 and a beta of 1.60. American Axle & Manufacturing Holdings, Inc. has a fifty-two week low of $3.00 and a fifty-two week high of $9.00. The firm has a fifty day simple moving average of $7.46 and a two-hundred day simple moving average of $6.47.

American Axle & Manufacturing Company Profile

American Axle & Manufacturing Holdings, Inc (NYSE: AXL) is a global designer, engineer and manufacturer of driveline and drivetrain systems and components for light vehicles, commercial trucks and off-highway applications. The company’s core product portfolio includes axles, driveshafts, half-shafts, drive module assemblies and differential gears, as well as advanced metallic and composite structures for electric and hybrid vehicles. AAM’s capabilities also encompass system testing, rapid prototyping and precision machining to support both high-volume production and low-volume, specialty vehicle applications.

Founded in 1994 following the divestiture of the Detroit Axle Division of General Motors, American Axle & Manufacturing completed its initial public offering in 1998.